WHY INVEST

Solar power is a lucrative development which not only aids the environment but thousands of properties nationwide. With the continuous rise in energy bills from household names, investing in renewable and clean energy gives you stable costs without the constant worry of annual inflation. Installing a solar PV panel from Wil-Lec allows you to generate your own electricity, though still enables you to purchase additional power from an energy provider, should you need it.

Choosing to implement a solar powered system gives you a number of benefits through the British government’s Feed-in-Tariff, otherwise known as FIT. In order to encourage UK home owners and businesses to purchase renewable energy and reduce their carbon dioxide emissions, the government launched a scheme in April 2010 that would allow the public to financially benefit from solar-powered installs.

From its implementation, energy companies will pay you more per unit of electricity generated, regardless of whether you use it to power your own home or if it is exported to the national grid, than they charge per unit of electricity you use. The payment rates of the FIT scheme are under quarterly supervision per tax year, with the current higher rate at 12.92p per kWh to power a property at 4kw or less if fitted before October 2015, or 12.47p per kWh if installed after October 1 until December 2015. For more information on the government’s current rates, please visit ofgem.gov.uk.

HOW IT WORKS

Fitting solar panels onto commercial or domestic roofs allow the sun’s natural light to be collected during the day, stored and then converted into energy.